If you have ever signed up for a CFD broker, you have probably seen a box requesting a partner code. A lot of people leave it blank. That is a bad move, because entering the right code can get you a deposit bonus of hundreds or even thousands in additional cash.
A broker partner code is basically a promotional code that you enter during registration. read more Once you complete your first deposit, the broker credits bonus funds in your trading account. The fees are not affected. You just receive additional money to start with.
Where to Source Active Partner Codes for Brokers
Very few of the codes you come across online actually work. Many broker partner codes floating around online are expired. Someone lists a code when it is new and then forgets about it. Weeks later the offer has been discontinued but the article is still up.
This is why dedicated code sites are worth using. Sites that actively test their codes prior to listing them spare you considerable hassle. Use a site that checks codes on an ongoing basis, not just when they first go up.
Types of Bonuses On Offer With a Partner Code
The most common type is the deposit match. You deposit a set amount and the broker matches a portion on top. Certain brokers offer up to 100 %, which basically doubles your initial money.
There are also free bonuses — a token amount, usually around 10 to 50 dollars, just for opening an account. No deposit needed.
Practically speaking, several established brokers currently offer sign-up bonuses up to several thousand in bonus funds. That is real money you can put to work from day one.
What to Know Before Applying a Broker Partner Code
The most common requirement is a lot requirement. You need to trade a minimum volume before the bonus funds are made yours to keep. This is entirely typical in the forex world and does not need to scare you.
Additionally look at if the bonus has an time limit, and what happens if you cash out your initial deposit before reaching the trading requirement. Most brokers will forfeit the bonus if you do this.
How to Apply a Broker Partner Code
The process is fairly simple. Get a working partner code from a reliable directory. Visit your chosen broker's registration page. Fill in your details as normal. Type the partner code in the promotional code box. Complete your sign-up and complete your initial deposit. The bonus will be applied straight away.
The whole process should take about five to ten minutes. There is no negative to applying a verified partner code with a regulated broker. The spreads do not change. You just start with additional funds in your account. There is no reason to leave extra money unclaimed if all it takes is pasting a code during sign-up.